Fidelity Files S-1 With SEC, Aiming to Launch Spot Solana ETF

Fidelity, the financial giant, has taken a big step toward launching a spot Solana ETF by filing an S-1 form with the SEC. This move signals growing institutional interest in Solana (SOL), a major cryptocurrency often seen as a competitor to Ethereum. If approved, it would give mainstream investors an easy way to bet on SOL without directly holding the crypto—similar to how Bitcoin ETFs opened the floodgates for BTC exposure.